All Forum Posts by: Fisher Hudak

I'm a young investor, located in Hazel Park, MI. I'm looking to have a small bathroom redone. Any advice on how to go about finding a good contractor, or does anyone know any contractors in the area?

Background: I'm 20 years old, going into my sophomore year in college in Detroit. I have a house hack that is cash flowing well and I feel that I am ready to make another move. 

Problem: Limited capital

I have two friends that expressed great desire to go into a deal with me. They are both very solid friends of mine- trustworthy and hard-working. I have no doubt that they would be tremendous business partners. They are young (also 20) and are limited in investing experience. After pooling our current funds together, we found that we have around $12k to work with at this point. We figured that wasn't going to be anywhere near enough to get us any kind of worthwhile traditional investment property anytime soon. 

We came across AirBnb Arbitrage and it seems like a strategy that we could pull off. Definitely would not be a long term wealth building strategy for any of us, but something to get us rolling while we are in college. However, after searching through the forums, I have found a lot more negative comments on the strategy than positive ones. I was excited about getting into it, but am definitely hesitant now.

Important note: My friend's mom is currently moving out of state and has to get rid of all of her furniture. We would be able to move all of the furniture right into the AirBnb. My understanding is that furnishing is one of the biggest obstacles to find a good deal, which is another reason why I thought this might work.

Is there something that I am missing, and does this make sense to move forward with?
Additionally, if we decide to go for it, would it be necessary to operate as an LLC? Not only for business purposes, but to appear more professional to landlords.

I just had an inspection done on my first potential house hack. The inspector found one knob and tube wire, but all of the other wiring had been redone. Is this concerning or unusual? Also, does anyone know if Hazel Park requires a presales/CO inspection? 

I am currently a freshman in college and working on my first house hack. I am a referral agent, but haven't really used my license yet. I do plan on being a full time agent once I graduate, but am keeping it as a referral for now just to avoid agent dues. I am looking for a job for the upcoming summer and want to do something that will help me in my future real estate career. I was wondering if anyone had any ideas or advice?

I am 20 years old and am currently in college in Detroit, Michigan (also playing D1 soccer). Before college, I took a gap year and spent the time getting my real estate license (in New Jersey- where my family is from) and learning as much as I could about real estate. I want to get in the game of real estate any way that I can. I am very comfortable with risk and want to start making some mistakes that I can learn from.

If you were in my shoes, what would you do? More specifically, would you urge me to wait, keep learning and saving, or go for it with what I have? I have about $10k saved up that I am ready to use. My father does well in his career and is willing to cosign for me as well.

Ultimately, I think I would like to have several multi family houses, but I'm honestly not too sure. I am open to any option that would allow me to get started in real estate investing.

Also, is Detroit a bad market to start in? Would it better to go back to New Jersey to get started?

I am a 20 year old freshman in college. I got my real estate license last year because I took a gap year before going to college. Instead of getting a traditional license, I chose to hang it as a referral to avoid some of the annual dues and so I can hold off on really getting into real estate until after college. However, while I am in college, I would still live to use my referral license as much as possible and make some money. Is this realistic? If so, how do I go about being a good referral agent and how do I make money doing this?

I have heard it is good to form an LLC in this kind of an investment. Would you agree with that? Also, do you think it will be hard for us to get approved for a mortgage? I am the only one with a credit card and I've had it for a little over a year.

I am a 20 year-old college student. Me and three of my friends are looking to buy an investment property. We are all first time home buyers. We each have about $6k to put down and we are looking for single family homes that we can rent out/put on Airbnb. What is the best way to move forward with this? Moreover, is it possible at all?